GrafTech Urges Stockholders to Vote Today “FOR” the Board-Recommended Nominees Using the WHITE Proxy Card

GrafTech International Ltd. (NYSE: EAF) (“GrafTech,” the “Company,” “we,” or “our”) today made the following statement with respect to its 2024 Annual Meeting of Stockholders (the “Annual Meeting”) to be held on May 9, 2024.

GrafTech reminds stockholders that every vote is important and urges its stockholders to review the GrafTech proxy solicitation materials carefully and use the WHITE proxy card to vote today only “FOR” the nominees recommended by GrafTech’s Board of Directors (the “Board”), Ms. Debra Fine and Mr. Anthony Taccone.

The Board’s nomination of these two highly experienced, independent and qualified individuals is consistent with the Board’s objective to have a diversity of complementary skills and opinions. Ms. Fine brings over 30 years of deep knowledge of capital markets, including over two decades of investing in the steel industry, and has over 20 years of executive leadership experience as a chief executive officer. Mr. Taccone brings over 35 years of deep knowledge of the global steel industry, with an intimate understanding of our customers.

The Board’s recommendation has been supported by leading proxy advisory firm Institutional Shareholder Services ("ISS"). ISS has recommended that GrafTech stockholders vote “FOR” the nominees recommended by GrafTech’s Board, Ms. Fine and Mr. Taccone, using the WHITE proxy card. ISS further recommended that GrafTech stockholders vote “WITHHOLD” on the dissident nominee, Mr. Nilesh Undavia, and should NOT vote using the blue proxy card sent by Mr. Undavia.

The recommendation of ISS is independent recognition that GrafTech’s newly refreshed Board is focused on delivering value for all stockholders. The Board is experienced, highly engaged and majority independent. Further, the Board and management team have taken decisive action in response to the industry-wide cyclical downturn, and GrafTech is successfully executing its strategic initiatives.

In addition to voting “FOR” Ms. Fine and Mr. Taccone using the WHITE proxy card, the Board also urges GrafTech stockholders to DISCARD all blue proxy cards and materials sent by Mr. Undavia. Further, stockholders should NOT sign, return or vote any blue proxy card sent by Mr. Undavia. Only the latest validly executed proxy card will count at the Annual Meeting.

Stockholders who have any questions or need assistance voting may contact GrafTech’s proxy solicitation firm, Mackenzie Partners, Inc. They can be reached toll-free at 800-322-2885 from the U.S. or Canada or [phone] from other countries.